Founded in 2013: Squirrel began its journey as a B2B offering to employers, who would offer Squirrel as part of their employee benefit scheme.
Barclays Techstars: In 2014, the Company was selected to join the Barclays Techstars accelerator programme, which led to partnerships with a number of high-profile employers including London City Airport.
B2C Model: In 2016, Squirrel transitioned into a B2C model, offering a subscription-based savings application directly to consumers, charging users a fee of £10 per month for full access.
To date, the Squirrel app has had over 60k registered users, and has handled over £40m in budgeted income.
Opportunity Highlights
- Revenue-generating with over 60k registered users and 2000 paying customers, with a 97% retention rate
- Ranked the UK’s #1 savings platform by the Fairbanking Foundation, and has an average 5-star rating on TrustPilot
- Application proven to help users save between 20%25% of their after-tax monthly income – 10 times the national average of 2%-4%
- Supports integration with high street banks
- Acquire software platform and App, social media assets, registered trade marks and a UK patent application in relation to the software’s budgeting functionality
Additionally, the following assets may also be available in the event of a share purchase, subject to the FCA consenting to a change of control :
- FCA Credit Brokering License
- FCA Debt Counselling License
- FCA Debt Adjustment License
- FCA Consumer Credit License
Sales Process
To express your interest and find out more about this opportunity, please contact David Hood at david.hood@metispartners.com or +44 (0) 141 353 3011 or +1 (858) 848 6911.
Marketing Doc and Legal Notice
Speak to our team for a copy of our Marketing Doc and Legal Notice.
